Trustpilot Group (LON:TRST) Trading Down 31.9% – Should You Sell?

Trustpilot Group plc (LON:TRST)’s stock price was down 31.9% on Thursday . The stock traded as low as GBX 125.80 and last traded at GBX 129.20. Approximately 45,591,195 shares changed hands during mid-day trading, an increase of 1,126% from the average daily volume of 3,718,377 shares. The stock had previously closed at GBX 189.70.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Trading Down 31.9%

The firm has a 50 day moving average of GBX 198.91 and a 200 day moving average of GBX 220.47. The firm has a market cap of £521.78 million, a PE ratio of -1.09 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has authorized a stock buyback plan on Tuesday, September 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Adrian Blair acquired 74,300 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average price of GBX 201 per share, for a total transaction of £149,343. Also, insider Zillah Byng-Thorne bought 108,116 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average price of GBX 138 per share, with a total value of £149,200.08. Over the last ninety days, insiders bought 276,294 shares of company stock worth $49,244,233. 17.83% of the stock is owned by company insiders.

Trustpilot Group Company Profile

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.